Nuveen Municipal Credit: two 990-share transactions
After depositing the certificate into JPM PD Series 5125, the 10% owner retained an indirect beneficial interest through trust-beneficiary status and contractual rights.
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Rhea-AI Filing Summary
Nuveen Municipal Credit Opportunities Fund (NMCO) was the issuer for two indirect ownership entries reported by JPMorgan Chase Bank, N.A., a 10% owner: a disposition of 990 Series C MuniFund Preferred Shares and an acquisition of 990 shares, both dated October 22, 2026. The entries accompanied JPMorgan’s deposit of the National Finance Authority Certificates Series 2026-PS2 Class A Certificate into JPM PD Series 5125. As a trust beneficiary and through contractual rights, JPMorgan retained an indirect beneficial ownership interest in the certificate.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Series C MuniFund Preferred Shares F1 | 990 | -- | -- |
| Other | Series C MuniFund Preferred Shares F1 | 990 | -- | -- |
Footnotes (1)
- F1. The 990 Series C MuniFund Preferred Shares (the "MFP Shares") shown as disposed of in Table I represent MFP Shares of the Issuer that, immediately prior to the transaction date specified above, were indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") by way of JPMCB's ownership of that certain National Finance Authority Certificates Series 2026-PS2 Class A Certificate (the "NFA Class A Certificate"), which represents an indirect beneficial ownership interest in the MFP Shares. On the transaction date specified above, JPMCB deposited the NFA Class A Certificate into a trust designated as the JPM PD Series 5125 (the "Trust"). JPMCB, as a beneficiary of the Trust and through its contractual rights, retains an indirect beneficial ownership interest in the NFA Class A Certificate.
Key Figures
Key Terms
NFA Class A Certificate technical
indirect beneficial ownership interest financial
beneficiary of the Trust financial
FAQ
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Did JPMorgan retain an interest after the NMCO transaction?
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